Planet 13 reports VidaCann Q1 2024 preliminary revenue of $12.51M, net income $2.48M, adj. EBITDA $2.75M

Planet 13 Holdings Inc.

VidaCann Q1 2024 revenue $12.51M; gross profit $5.58M (45% margin); net income $2.48M.
Adjusted EBITDA $2.75M (22% margin) vs. $0.55M (1.6% margin) for full year 2023.
Full year 2023 revenue $34.26M, gross profit $12.57M (37%), net loss $1.50M.
Planet 13 completed VidaCann acquisition on May 10, 2024; results shown pre-synergies.
Management states VidaCann's profitability margin is accretive to Planet 13.

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